Azerbaijan vs Latvia: Gross fixed capital formation
Gross fixed capital formation over time
- Azerbaijan
- Latvia
How they compare
Azerbaijan currently reports 12.37 billion current US$ against 11.41 billion current US$ in Latvia, a difference of 961.20 million current US$.
That makes Azerbaijan's figure about 1.1 times Latvia's.
The two have swapped places 5 times across 31 shared years of data; in 1995 it was Latvia ahead.
Azerbaijan ranks 84th and Latvia ranks 85th of 181 countries.
Across the 4 decades both report, Azerbaijan averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Azerbaijan | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.13 billion current US$ | 1.26 billion current US$ | 132.68 million current US$ | Latvia |
| 2000s | 4.97 billion current US$ | 5.43 billion current US$ | 460.59 million current US$ | Latvia |
| 2010s | 13.22 billion current US$ | 6.55 billion current US$ | 6.68 billion current US$ | Azerbaijan |
| 2020s | 11.02 billion current US$ | 9.46 billion current US$ | 1.56 billion current US$ | Azerbaijan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Azerbaijan or Latvia?
- Azerbaijan, at 12.37 billion current US$ against 11.41 billion current US$ in Latvia as of 2025.
- What is the difference in gross fixed capital formation between Azerbaijan and Latvia?
- 961.20 million current US$, with Azerbaijan ahead.
- How many years of comparable data are there for Azerbaijan and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Azerbaijan and Latvia rank globally for gross fixed capital formation?
- Azerbaijan ranks 84th and Latvia ranks 85th of 181 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross fixed capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.